London Mayor Sadiq Khan has agreed £1.7bn worth of funding deals with councils and housing associations to start building an extra 50,000 affordable homes to rent and buy over the next four years.
The funding deals are the first tranche of a record-breaking £3.15bn affordable homes fund secured from the government in November last year.
It represents almost treble the 18,000 homes secured by the final call for bids issued by the previous Mayor in 2014.
| Organisation Name |
Homes |
GLA Funding Allocation |
| London & Quadrant Housing |
11,610 |
£394,740,000 |
| Peabody Trust |
6,000 |
£220,973,768 |
| Notting Hill Housing Trust |
5,321 |
£176,386,962 |
| Clarion Housing Group |
5,000 |
£168,300,000 |
| Hyde Housing Association |
3,000 |
£102,000,000 |
| Optivo |
2,600 |
£88,400,000 |
| A2Dominion Homes |
1,870 |
£80,776,000 |
| Genesis Housing Association |
2,049 |
£70,712,000 |
| London Borough of Lambeth |
912 |
£54,720,000 |
| Network Housing Group |
1,752 |
£45,756,000 |
| Catalyst Housing |
1,216 |
£41,024,000 |
| Octavia Housing |
833 |
£31,435,500 |
| London Borough of Havering Council |
610 |
£30,296,000 |
| Southern Housing Group |
601 |
£20,338,000 |
| Metropolitan Housing Trust |
704 |
£18,376,000 |
| Richmond Housing Partnership |
475 |
£17,748,000 |
| Orbit Group |
347 |
£14,676,000 |
| City of London |
244 |
£14,640,000 |
| London Borough of Harrow |
317 |
£12,620,000 |
| Southwark Council |
201 |
£12,060,000 |
| One Housing Group |
686 |
£10,184,000 |
| London Borough of Hounslow |
174 |
£9,004,000 |
| Thames Valley Housing Association |
418 |
£8,808,000 |
| Hexagon Housing Association |
223 |
£8,548,000 |
| Wandle Housing Association |
307 |
£7,472,000 |
| Islington and Shoreditch Housing Association |
124 |
£6,374,200 |
| Poplar HARCA |
144 |
£6,016,000 |
| YMCA Thames Gateway |
100 |
£6,000,000 |
| Newlon Housing Trust |
200 |
£5,600,000 |
| Brick by Brick (Croydon Council) |
199 |
£5,572,000 |
| London Borough of Enfield |
148 |
£5,345,000 |
| Almshouse Consortium |
86 |
£5,160,000 |
| Swan Housing Association |
127 |
£5,092,000 |
| Paradigm Housing Group |
134 |
£4,008,000 |
| London Borough of Wandsworth |
71 |
£3,972,000 |
| Evolve Housing + Support |
49 |
£2,940,000 |
| Look Ahead Care and Support |
38 |
£2,400,000 |
| Estuary Housing Association |
76 |
£2,072,000 |
| Paragon Community Housing Group |
288 |
£1,265,600 |
| Home Group |
45 |
£1,164,426 |
| Sanctuary Affordable Housing |
11 |
£308,000 |
| Lambeth & Southwark Housing Association |
4 |
£240,000 |
| Moat Homes |
|
50 |
| Grainger Trust |
34 |
£0 |
The allocations also include eight new strategic partnerships with housing associations.
The partnerships – with L&Q, Hyde, Genesis, Clarion, Network, Notting Hill, Optivo, and Peabody – have been struck between the Mayor and housing associations that are prepared to build new homes at scale and deliver at least 60% affordable housing across their projects.
These partnerships will deliver 38,500 genuinely affordable homes.
Paul Hackett, Chair of the G15 – representing London’s largest housing associations – said: “The commitment from London’s housing associations is an unprecedented level of ambition to build the homes the capital needs.
“The partnership with the Mayor is the biggest London’s housing associations have ever committed to, reflecting the urgency of the housing crisis and our strong relationship with City Hall.”
from Construction Enquirer
http://www.constructionenquirer.com/2017/07/14/london-mayor-hands-out-1-7bn-for-affordable-housing-list/
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